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130-Unit Apartment Portfolio
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2026 N Bagley St, Alpena, MI 49707

Three multifamily properties provide a diversified residential rental platform across Alpena, Michigan.

Property SizeContact for details
Days on Market144

Property Features for 2026 N Bagley St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 96%

Additional Details

Multifamily Units 130
Listing Agency: Hull Multifamily Advisors
Listed By: Austin Hull · License #MI 6502430931
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 2:57PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hull Multifamily Advisors

Investment Insights

Based on property information with market context.

This multifamily offering includes three apartment properties totaling 130 units: Thunder Bay Apartments, Pine Brook Apartments, and Paradise Acres. Thunder Bay contains 88 units, Pine Brook includes 32 units, and Paradise Acres has 10 units. The first two properties are adjoining and connected by a shared sidewalk, while Paradise Acres is located 7.2 miles away.

The portfolio was 96.2% occupied, with 40 Thunder Bay units participating in Project-Based Section 8. The assets are located at 2026 N Bagley St in Alpena, Michigan, with Paradise Acres positioned separately from the neighboring Thunder Bay and Pine Brook properties.

Key Highlights

  • Three‑property portfolio totaling 130 apartment units
  • Thunder Bay Apartments includes 88 units; Pine Brook Apartments includes 32 units; Paradise Acres includes 10 units
  • Thunder Bay and Pine Brook are directly next door and share a sidewalk

Property Analytics

Current Use

Thunder Bay Apartments Apartment Complex

Suggested Use

Top Pick Law Firm Hair Salon Electrical Service Nail Salon Building Supply Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

130
Residential units
96.2%
Occupancy

Location Intelligence

Trade Area within ½ mile

160
Businesses Nearby

Demographics for 49707, MI

22,243
Population
11,974
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
94%
High-School Grad
215.4 sq mi
ZIP Area
103
Density / Sq Mi
$50,699
Median Household Income
$32,208
Median Earnings
$642
Median Rent
$134,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three multifamily properties provide a diversified residential rental platform across Alpena, Michigan.
Where is this apartment building located?
The property is located at 2026 N Bagley St Alpena, MI.
What are key features of this property?
This property features: Three‑property portfolio totaling 130 apartment units; Thunder Bay Apartments includes 88 units; Pine Brook Apartments includes 32 units; Paradise Acres includes 10 units; Thunder Bay and Pine Brook are directly next door and share a sidewalk
More about this property
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